Dollar Today and Blue Dollar LIVE: Official Exchange Rate and Parallel Market Price for Tuesday, July 21, Minute by Minute

The Argentine peso continues to weaken, with the official retail exchange rate at ARS 1,500 per US dollar and the parallel 'blue dollar' rate at ARS 1,540 per US dollar as of Tuesday, July 21. The Central Bank (BCRA) publishes the official rate from 10 AM, while the blue dollar rate typically emerges from financial houses and informal exchanges in Buenos Aires between 11 AM and 11:30 AM. The risk country index also remains elevated. This daily tracking reflects persistent currency controls and a wide gap between official and parallel markets, driven by inflation, fiscal deficits, and limited foreign reserves. The government maintains capital controls that restrict access to official dollars, pushing demand into the parallel market. The situation underscores ongoing economic instability in Argentina, with the peso under continuous pressure.

Global Impact

Argentina's currency crisis is primarily a domestic economic and political issue, with limited direct global spillover due to the country's relatively small weight in global trade and finance. However, it does affect emerging market sentiment, particularly for other high-yield, high-risk economies.